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Blount International Falling Today on Above-Average Volume (BLT)
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Shares of Blount International are trading today in above average volume, with the share price falling 0.1% to $16.89. Today's volume of 1.1 million shares tops the average 30-day volume of 205,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of Blount International on October 11th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.70. Since that recommendation, shares of Blount International have risen 15.0%. We continue to monitor BLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Blount International share prices have moved between a 52-week high of $18.62 and a 52-week low of $12.46 and are now trading 35% above that low price at $16.86 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.
Write to Chip Brian at cbrian@mysmartrend.com
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